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President Trump

President Trump

Old Oct 19th 2019, 6:02 pm
  #25471  
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Default Re: President Trump

LOL ! Bernie Sanders campaigning in Queens today. Gonna promise lots of jobs !
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Old Oct 19th 2019, 10:18 pm
  #25472  
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Default Re: President Trump

Originally Posted by dc koop View Post
LOL ! Bernie Sanders campaigning in Queens today. Gonna promise lots of jobs !
Are you suggesting that it is laughable for a candidate to campaign in impoverished areas, perhaps he should stick to holding middle class dinner party fund raisers?
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Old Oct 19th 2019, 10:42 pm
  #25473  
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Default Re: President Trump

Originally Posted by dc koop View Post
That tax code of course isn't just to benefit Republican politicians I take it ?

Queens LOL. Jobs don't matter when it comes to politicians scoring a point or two Didn't you know that ?
Please explain why a company that pays no federal income taxes needs to receive tax bribes of $2bn to put a headquarters in a particular locale.
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Old Oct 20th 2019, 5:51 am
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Default Re: President Trump

Originally Posted by zzrmark View Post
Are you suggesting that it is laughable for a candidate to campaign in impoverished areas, perhaps he should stick to holding middle class dinner party fund raisers?
It's a story of whacko Occasio Cortez, dizzy Liz Warren and Amazon. Several hundred jobs that might have come to Queens did not because Cortez wanted to make big splash on her election to Congress. Scourge of Big Business, Fighter against Capitalism, Class warfare Fighter. Queens will still be an impoverished area in 4 years time while while Cortez sits on her bum in DC because she like many Dem Reps talks up a storm and ends up doing nothing yet the people they represent keep re-electing them.
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Old Oct 20th 2019, 5:56 am
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Default Re: President Trump

Originally Posted by Giantaxe View Post


Please explain why a company that pays no federal income taxes needs to receive tax bribes of $2bn to put a headquarters in a particular locale.
Because that's how the system works. How many businesses accepted bribes to move out of tax happy California over the past several years? Do I have to send you back to American business practices 101
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Old Oct 20th 2019, 7:08 am
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Default Re: President Trump

Originally Posted by dc koop View Post
Because that's how the system works. How many businesses accepted bribes to move out of tax happy California over the past several years? Do I have to send you back to American business practices 101
Unemployment in California is at a record low. So I suggest you go back and learn some economics. You might even be able to answer why showering local tax incentives at a company paying zero federal income taxes is a piss poor idea from an economic standpoint.
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Old Oct 20th 2019, 1:32 pm
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Default Re: President Trump

After years off "flogging" this horse , perhaps for once Trump will "shut the duck up"
https://dailysoundandfury.com/after-...m_campaign=tti
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Old Oct 20th 2019, 3:20 pm
  #25478  
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Default Re: President Trump

Originally Posted by Ingles View Post
After years off "flogging" this horse , perhaps for once Trump will "shut the duck up"
https://dailysoundandfury.com/after-...m_campaign=tti
I was rather expecting him to say that “no persuasive evidence of systemic, deliberate mishandling of classified information” didn't mean she was cleared and wasn't guilty.
And then we could all say the obvious about about the Mueller report not meaning Trump was cleared.


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Old Oct 20th 2019, 11:30 pm
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Default Re: President Trump

Originally Posted by Giantaxe View Post


Unemployment in California is at a record low. So I suggest you go back and learn some economics. You might even be able to answer why showering local tax incentives at a company paying zero federal income taxes is a piss poor idea from an economic standpoint.
California is enjoying record low unemployment thanks to Trump's business policies Just as the rest of the nation is. Where did you get the zero federal income taxes from? I googled Amazon's taxes.... not exactly zero.

It has always been good business sense for any city government to offer incentives to relocate to that city. The long term benefits of jobs. local retail spending and so on have always paid back in the long term. When there are no jobs then the rest of the economic situation goes down the toilet. The rust belt was once almost solidly Democrat but the loss of decent jobs leaving a vacuum of unemployment or low paying part time jobs helped send Trump to the White House. Politician such as OAC and Warren are so blinded by their dislike of big business, profits and capitalism that they cannot see the forest for the trees.
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Old Oct 20th 2019, 11:44 pm
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Default Re: President Trump

Amazon didn't pay any federal income tax in 2017 or 2018. Received a $129 million tax rebate from the federal government in 2018. This isn't unique to Amazon though plenty of large companies don't end up paying federal taxes.

It did however pay state income taxes, $322 million in 2018. But to the federal government Amazon paid $0 and got a nice rebate.

Granted I haven't paid income tax in a couple years, but I also am not making nearly as much as Amazon and these corporations.

https://www.cnbc.com/2019/04/03/why-...ncome-tax.html

https://www.france24.com/en/20190216...es%20at%20all.

Originally Posted by dc koop View Post
California is enjoying record low unemployment thanks to Trump's business policies Just as the rest of the nation is. Where did you get the zero federal income taxes from? I googled Amazon's taxes.... not exactly zero.

It has always been good business sense for any city government to offer incentives to relocate to that city. The long term benefits of jobs. local retail spending and so on have always paid back in the long term. When there are no jobs then the rest of the economic situation goes down the toilet. The rust belt was once almost solidly Democrat but the loss of decent jobs leaving a vacuum of unemployment or low paying part time jobs helped send Trump to the White House. Politician such as OAC and Warren are so blinded by their dislike of big business, profits and capitalism that they cannot see the forest for the trees.

Last edited by Jsmth321; Oct 20th 2019 at 11:53 pm.
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Old Oct 20th 2019, 11:50 pm
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Default Re: President Trump

Originally Posted by dc koop View Post
California is enjoying record low unemployment thanks to Trump's business policies Just as the rest of the nation is. Where did you get the zero federal income taxes from? I googled Amazon's taxes.... not exactly zero.
Odd, you have previously criticized California for driving jobs away, meaning that you believe that its state government has an effect on employment. But, predictably, you now want to argue that the credit for California's low unemployment goes solely to Trump. Never mind (i) that the rate of job growth is slower than under Obama; and (ii) you can't have it both ways. Fortunately The Economist is a little deeper thinking than you:

https://www.economist.com/special-re...mericas-future

As for Amazon:

https://itep.org/amazon-in-its-prime...-income-taxes/


Originally Posted by dc koop View Post
It has always been good business sense for any city government to offer incentives to relocate to that city. The long term benefits of jobs. local retail spending and so on have always paid back in the long term. When there are no jobs then the rest of the economic situation goes down the toilet. The rust belt was once almost solidly Democrat but the loss of decent jobs leaving a vacuum of unemployment or low paying part time jobs helped send Trump to the White House. Politician such as OAC and Warren are so blinded by their dislike of big business, profits and capitalism that they cannot see the forest for the trees.
It makes no sense because it merely leads to a "race to the bottom" between locales as big companies can use their clout to play off locales against each other for the best deal. It's literally a zero sum game. This is precisely why the EU limits such "state aid" to stop this kind of thing happening. I'm a long term Amazon stickholder, so from a financial point of view would have benefited from the Queens deal. But it was crazy to shower Amazon with that kind of cash and correctly, imo, the deal was canceled.

The rust belt has lost jobs because traditional industries have died and/or been subject to mechanisation.

Last edited by Giantaxe; Oct 20th 2019 at 11:56 pm.
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Old Oct 21st 2019, 5:01 am
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Default Re: President Trump

Originally Posted by Giantaxe View Post
Odd, you have previously criticized California for driving jobs away, meaning that you believe that its state government has an effect on employment. But, predictably, you now want to argue that the credit for California's low unemployment goes solely to Trump. Never mind (i) that the rate of job growth is slower than under Obama; and (ii) you can't have it both ways. Fortunately The Economist is a little deeper thinking than you:

https://www.economist.com/special-re...mericas-future

As for Amazon:

https://itep.org/amazon-in-its-prime...-income-taxes/




It makes no sense because it merely leads to a "race to the bottom" between locales as big companies can use their clout to play off locales against each other for the best deal. It's literally a zero sum game. This is precisely why the EU limits such "state aid" to stop this kind of thing happening. I'm a long term Amazon stickholder, so from a financial point of view would have benefited from the Queens deal. But it was crazy to shower Amazon with that kind of cash and correctly, imo, the deal was canceled.

The rust belt has lost jobs because traditional industries have died and/or been subject to mechanisation.
And despite all you've said those people in Queens, maybe pretty poor, some working part time, some unemployed lost the opportunity of a full time job and the sense of dignity and worth that goes with having a full time job. All that's happened is that a battle of principles has been fought on the backs of the poor. The Democrat party is being hijacked by Socialist radicals who bring their politics before the voters they are supposed to support. The moderates need to understand what's happening and reclaim the party that used to support workers and unions.
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Old Oct 21st 2019, 5:22 am
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Default Re: President Trump

Originally Posted by Jsmth321 View Post
Amazon didn't pay any federal income tax in 2017 or 2018. Received a $129 million tax rebate from the federal government in 2018. This isn't unique to Amazon though plenty of large companies don't end up paying federal taxes.

It did however pay state income taxes, $322 million in 2018. But to the federal government Amazon paid $0 and got a nice rebate.

Granted I haven't paid income tax in a couple years, but I also am not making nearly as much as Amazon and these corporations.

https://www.cnbc.com/2019/04/03/why-...ncome-tax.html

https://www.france24.com/en/20190216...es%20at%20all.
I googled this: Amazon told NBC that they paid 2.6 billion in taxes over the last three years and reported 3.4 billion in tax expenses over the same period

Credits for the years when the company was not profitable , tax breaks given in the year 2017 and massive investment was another reason given for zero taxes in 2018. General Motors, Southwest Airlines and Goldman Sach are other large companies that receive the same tax breaks.
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Old Oct 21st 2019, 3:26 pm
  #25484  
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Default Re: President Trump

Originally Posted by dc koop View Post
To what do you attribute Amazon paying zero taxes in 2018? Are they fiddling the books, faking the balance sheets ? Aren't they subject to outside audit on a regular basis or are they paying off the auditors in hush money?
I know zero about accounting but every business is allowed a certain amount of write offs, amortization of equipment etc.
Various accounting gymnastics and loopholes in tax law that need to be closed. Everyone needs to pay their fair share, from the bottom all the way to the top. This isn't a complicated issue, really.

Again, US tax rates were in the 90% range at the highest level under respected Republican Eisenhower, I haven't seen a number higher than a 70% marginal tax rate being proposed today. Either way, when companies and individuals are making such huge amounts, even the 90% rate would still see them making huge amounts - 10% of $1 billion is still $100 million, then multiply that by 100. This is barely even leftism here, this is just socdem 'capitalism with a conscience' stuff.

Originally Posted by dc koop View Post
Amazon pay around 15 dollars an hour. Much of the work is assembling orders and packing them into boxes and shipping out. It's basically work that requires little training and shipping and receiving was never the best paying job anyway. Costco pay about a dollar fifty more an hour. Basically unloading trucks, receiving and stocking shelves. Again not a job that requires more than very average skills.
The major difference between these two isn't the pay (and I could have sworn Costco started at $17.00/hr but whatever), it's the conditions and the benefits offered.

Furthermore, it doesn't matter what the job entails, if a person has a full time job, they should be able to survive on the money that pays them. How this is such an affront to you is quite amazing, really.

Originally Posted by dc koop View Post
I was earning 45 dollars an hour in my pole climbing years. Being able to climb fifty foot poles and deal with the heights were two requirements although we often used bucket trucks with hydraulic lifts. There was very little forgiveness for mistakes made when occasionally working around live wires carrying 5KV. A little difference there from shipping and receiving eh?

In the summer of 1990 we lost three brothers when an underground power vault they were working in blew up.
I'm happy for you that you were able to find such well paying work back in the 70s when all jobs paid enough for a worker to be able to afford a home, a car, and college cost less than a months' pay. Also, you weren't punished heavily, financially speaking, for changing fields either. Today we're all slaves to our job in the US because our insurance is tied to our employment. So we're all stuck in jobs we'd often rather not be arsed doing, and we can't go do something we actually want to, where we'd be more productive, so we all burn out and end up going mental just so some rich **** who should be up against the wall can make another tax-free billion this quarter.

I'm sorry you lost your comrades in the field, but while I hate the idea that we need to work so much, nonetheless all labor has value, and nothing should be looked down upon if a person has set out to make a living.

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Originally Posted by Ingles View Post
Right. Honestly, this is one area where I hope automation comes quickly, because it will save lives.
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Old Oct 21st 2019, 4:13 pm
  #25485  
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Default Re: President Trump

Come on you guys i'm trying to keep up here how do you do that?
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